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Jobs in Tanzania 2024: New Job Vacancies at ABSA Group Limited 2024
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ABSA Group Limited Jobs 2024About Us
Truly African
We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.
We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.
Absa
Group Limited is listed on the JSE and is one of Africa’s largest
diversified financial services groups with a presence in 12 countries
across the continent and around 41 000 employees.
Absa Group Limited
is listed on the JSE and is one of Africa’s largest diversified
financial services groups with a presence in 12 countries across the
continent and around 41 000 employees.
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.
Post Write Off Recoveries Officer
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.
Post Write Off Recoveries Officer
Post Write Off Recoveries Officer at ABSA Bank Limited September 2024
- locations Viva Tower - ABT
- time type Full time
- job requisition id R-15967795
Empowering Africa’s tomorrow, together…one story at a time
With
over 100 years of rich history and strongly positioned as a local bank
with regional and international expertise, a career with our family
offers the opportunity to be part of this exciting growth journey, to
reset our future and shape our destiny as a proudly African group.
My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.
Job Summary
To manage, control and monitor the post write-off portfolio through cost effective legal recovery of outstanding bad debt exposure by instructing 3rd party professional service providers as well as monitoring that these accounts are being treated appropriately.
Job Description
Main accountabilities and approximate time split
Operational Management
Technical skills / Competencies
Education and Experience Required
Preferred:
Key Issues over the next 12-24 months:
Competencies: (Maximum of 8 competencies)
Behaviors:
Additional criteria qualities:
Knowledge, Expertise and Experience
Essential
Experience, qualifications and other requirements specific to the role
My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.
Job Summary
To manage, control and monitor the post write-off portfolio through cost effective legal recovery of outstanding bad debt exposure by instructing 3rd party professional service providers as well as monitoring that these accounts are being treated appropriately.
Job Description
Main accountabilities and approximate time split
Operational Management
- Negotiate payment arrangements on the accounts to maximize recovery on delinquent accounts.
- Monitor payment arrangements between the client and the bank to ensure clients adhere to payment arrangements to avoid legal action taken against the client.
- Maintain effective and professional working relationships with both internal and external stakeholders.
- Pro-actively manage legal risks associated with the legal recovery portfolio of clients to maximize possible recoveries.
- Optimize recovery cash flows by implementing effective and timely action.
- Assertive engagements with service providers by conducting regular telecommunication and prompt response to emails.
- Ensure that invoices received from attorneys and DCA’s are correct and submitted to finance department for payment.
- Close off all the settled accounts timely to avoid reputational risks.
- Completed and update reports in order to provide management with accurate stats for reporting purposes.
- Provide suggestions for ways of improving customer services and meeting targets.
- Understand and adhere to legislative and compliance requirements to ensure the correct processes and policies are maintained.
- Operate within given mandates to ensure governance adherence.
- Operate with Absa policies and procedures.
- Ability to work with Microsoft Excel, Word and Outlook.
- To ensure that daily stats are completed and reported accurately.
- To understand and adhere to legislative and compliance requirements.
- To operate within the signed Delegated Mandates to safeguard the bank against risk on non-compliance.
- Work closely with the other team members to build strong working relationships and maintain a positive team spirit.
- Appreciate and respect all team members, colleagues and Managers.
- Display Absa values in all our dealings and maintain a high level of professionalism.
- Communicate openly and honestly with team members and share knowledge and best practices on an on-going basis.
- To deliver a high level of service to customers, attorneys and other internal and external stakeholders as guided by the principles of Conduct Risk.
- To diligently resolve queries and complaints arising from customers, DCA’s, attorneys and other stakeholders.
- Complete required compliance and SOX attestations as per the allocated timelines.
- Report all risk and loss events as a result of fraud or error. Report this to the risk manager and/or relevant parties to mitigate possible losses, which may be incurred.
- Adhere to all Company policies and procedures.
- Adhere to the internal code of conduct at all times and report any irregularities to the relevant party.
- Adhere to internal systems access control policies at all times and report any irregularities to the relevant party
Technical skills / Competencies
- In-depth knowledge of the full Absa Retail product set in-country, local business services and corporate business services
- Detailed working knowledge of Risk and Credit policies and procedures.
- Ability to function independently.
- Negotiation Skills.
- Proficient in MS Outlook (Word, Excel, PowerPoint, Outlook and Internet).
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Education and Experience Required
- 2 years collections experience
- Product knowledge
- Proficient in MS Office (Word, Excel, PowerPoint, Outlook and Internet)
- No criminal record
Preferred:
- Post write-off experience for a financial institution.
- Product knowledge (cards & loans).
Key Issues over the next 12-24 months:
- Improve the performance level of our post write off portfolio for all products
- Improve attorney performance management process
- Ensuring compliance to strict governance standards
- Improve stakeholder management
Competencies: (Maximum of 8 competencies)
- Deciding and initiating
- Delivering results and meeting customer expectation
- Achieving personal work goals and objectives
- Working with people
- Coping with pressure
- Planning and organizing
Behaviors:
- Drive performance
- Delight customers
- Build pride and passion
- Execute at speed
- Grow Talent and Capability
- Protect and enhance our reputation
Additional criteria qualities:
- Passion for performance
- Honesty and integrity
Knowledge, Expertise and Experience
Essential
- Knowledge of the Banking environment
- Knowledge of strategy formulation
- Verbal and written communication skills
- Stakeholder management skills
- Analytical skills
- Conflict management Skills
- Networking Skills
- Excellent project management experience in managing, leading and delivering on projects
- Highly organized and methodical
- Ability to successfully manage multiple work streams and priorities simultaneously
- Honesty and integrity
- Post write-off experience for a financial institution.
- Product knowledge (cards & loans).
Experience, qualifications and other requirements specific to the role
- Bachelor degree in Commerce, Business Administration, Finance, Banking or Risk or similar qualifications.
Absa Values
Approvals
Absa’s Values and Behaviours represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:
Education
Approvals
Absa’s Values and Behaviours represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:
- Trust
- Resourceful
- Stewardship
- Courage
- Inclusion
Education
- Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)
Deadline: 2024-09-22
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